Key Points
- Sean Woodroffe, EVP of Lincoln National, sold 8,000 shares on March 9 at an average price of $32.74 for $261,920, reducing his stake by 3.88% to 198,159 shares (worth about $6.49M).
- He also sold 10,000 shares on March 2 at $34.46 for $344,600, indicating multiple recent insider dispositions.
- Lincoln National recently reported EPS $2.21 (beating estimates), and announced a quarterly dividend of $0.45 (annualized $1.80) implying a 5.3% yield.
Lincoln National Corporation (NYSE:LNC - Get Free Report) EVP Sean Woodroffe sold 8,000 shares of the firm's stock in a transaction on Monday, March 9th. The shares were sold at an average price of $32.74, for a total value of $261,920.00. Following the completion of the sale, the executive vice president owned 198,159 shares in the company, valued at $6,487,725.66. The trade was a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Sean Woodroffe also recently made the following trade(s):
- On Monday, March 2nd, Sean Woodroffe sold 10,000 shares of Lincoln National stock. The shares were sold at an average price of $34.46, for a total transaction of $344,600.00.
Lincoln National Stock Up 0.1%
Lincoln National stock opened at $34.09 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.27 and a current ratio of 0.27. Lincoln National Corporation has a one year low of $27.58 and a one year high of $46.82. The company has a 50-day simple moving average of $40.26 and a 200-day simple moving average of $41.13. The firm has a market capitalization of $6.48 billion, a P/E ratio of 6.42, a P/E/G ratio of 1.52 and a beta of 1.30.
Lincoln National (NYSE:LNC - Get Free Report) last issued its quarterly earnings data on Thursday, February 12th. The financial services provider reported $2.21 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.35. Lincoln National had a net margin of 6.46% and a return on equity of 18.52%. The firm had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.85 billion. During the same period last year, the firm posted $1.91 EPS. Lincoln National's quarterly revenue was down 2.8% compared to the same quarter last year. As a group, equities analysts expect that Lincoln National Corporation will post 7.69 earnings per share for the current year.
Lincoln National Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Friday, April 10th. Lincoln National's payout ratio is 33.90%.
Hedge Funds Weigh In On Lincoln National
Several hedge funds have recently made changes to their positions in LNC. V Square Quantitative Management LLC bought a new stake in shares of Lincoln National in the 4th quarter worth approximately $31,000. Transamerica Financial Advisors LLC bought a new stake in Lincoln National during the fourth quarter worth approximately $32,000. JPL Wealth Management LLC acquired a new position in Lincoln National in the third quarter worth approximately $29,000. Salomon & Ludwin LLC bought a new position in shares of Lincoln National in the third quarter valued at $32,000. Finally, Advisors Asset Management Inc. bought a new position in shares of Lincoln National in the second quarter valued at $28,000. Institutional investors and hedge funds own 72.81% of the company's stock.
Analysts Set New Price Targets
Several research firms recently commented on LNC. Mizuho initiated coverage on Lincoln National in a research report on Tuesday, December 16th. They issued an "outperform" rating and a $52.00 target price on the stock. Morgan Stanley reduced their price target on Lincoln National from $50.00 to $46.00 and set an "overweight" rating for the company in a research report on Tuesday, March 3rd. Zacks Research cut Lincoln National from a "strong-buy" rating to a "hold" rating in a research note on Thursday, December 4th. TD Cowen lowered their price target on Lincoln National from $43.00 to $38.00 and set a "hold" rating on the stock in a report on Monday. Finally, National Bank Financial set a $45.00 price objective on shares of Lincoln National in a research note on Thursday, January 8th. Five equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $45.62.
Check Out Our Latest Analysis on LNC
Lincoln National Company Profile
(
Get Free Report)
Lincoln National Corporation, doing business as Lincoln Financial Group, is a diversified financial services holding company focused on providing retirement, insurance, and wealth management solutions in the United States and select international markets. Headquartered in Radnor, Pennsylvania, the company operates through several business segments, including Retirement Plan Services, Life Insurance, and Group Protection. Its offerings are designed to help individuals, families, and institutions plan and prepare for their financial futures.
The Retirement Plan Services segment delivers recordkeeping, administrative services, and investment management for defined contribution and defined benefit plans.
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